Bethesda, MD (September 29, 2003) – L-Soft's 129 percent revenue growth from 1998 to 2002 has made it the 37th fastest growing technology company in the Fast 50 for Maryland program. Leading professional services firm Deloitte & Touche, which created the Technology Fast 50 Program for Maryland, ranks the 50 fastest growing technology companies in the area by the percentage of growth in fiscal year revenues over five years, from 1998 to 2002.
"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment," said Gary H. Tabach, Managing Partner of Technology, Media & Telecommunications Practice. "We commend L-Soft for making the commitment to technology and delivering the promise of market longevity. We are proud to honor L-Soft as a Deloitte & Touche Technology Fast 50 winner."
"An emphasis on developing solid software products and making careful strategic decisions about the direction of L-Soft has led to the company's 129 percent revenue growth and allowed it to remain a leader in the e-mail industry," L-Soft CEO Eric Thomas said.
In 1986, Eric Thomas invented LISTSERV®, a software product that remains the de facto standard for e-mail list management. Thomas formed L-Soft in the United States in 1994 so that the software could be commercially developed and ported from VM to other operating systems. The company, which remained profitable through the boom and bust of the dot-com era, has since developed an entire line of e-mail list management products and services. Today, L-Soft has a global presence with additional offices in Sweden, the UK and Germany. With more than 3,000 customers worldwide, including AOL, The Washington Post, the U.S. Senate and IBM, L-Soft delivers approximately 35 million messages a day to about 140 million list subscriptions.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies.
For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit:
L-Soft develops and sells software and outsourcing services for managing e-mail newsletters, discussion groups and marketing campaigns. Founded in 1994, L-Soft has been instrumental in the proliferation of e-mail marketing thanks to the popularity of its flagship software, LISTSERV®. Since then, L-Soft has expanded its portfolio of products and services to include e-mail delivery, outsourcing and consulting services. L-Soft's products deliver approximately 35 million messages a day to about 140 million list subscriptions. The company serves approximately 3,000 clients worldwide, including Microsoft, IBM, The New York Times, AOL-Time Warner/CNN, Dow Jones/The Wall Street Journal, The United Nations, the U.S. Senate and Harvard University.
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us
Susan Brown Faghani
1-301-731-0440, Ext 6
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